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Housing ADvocacy 

Mission

Working with IMBA members across the state in each of our chapters, along with community service groups and other interested parties throughout Indiana to positively impact homeownership opportunities for the communities and families our members serve. The committee will serve as both a liaison between our members and interested stakeholders in supplying information on programs, events, and resources that are focused on supporting sustainable, affordable housing for Hoosiers. Additionally, the foundational work upon which this committee will focus includes, but is not limited to: Communications, Counseling, Education, and Advocacy.

Consumer Information

Budgeting

  • In preparation for buying a house, it is a good idea to have a budget in place.   That will help you to be able to determine what payment you are comfortable with.
  • EssentIQ is a resource that is available to help you with this process
  • NerdWallet also has a Free Budget Planner Worksheet

Savings Plan

  • One of the best practices is to plan and prepare to have savings on hand for your home purchase
  • There are programs and organizations that will help with down payment assistance.  

Credit 

Down-Payment Assistance Programs

State Programs - 

Federal Home Loan Bank of Indianapolis Home Ownership Program (HOP)

Grants for low to moderate income home buyers

Indiana Housing & Community Development Authority (IHCDA)

Grants for low to moderate income home buyers

Grants up to 6% of the purchase price of the home


Regional Programs

Bloomington - Housing and Neighborhood Development (HAND)

Evansville - Community Action Program of Evansville (CAPE)

Evansville - Hope of Evansville

    Homebuyer Educational Tools

    Fannie Mae

    Freddie Mac

    Essent

    MGIC 

    Enact

    Importance of Home Ownership

    • Develop a network of non-members to partner with and show the importance of homeownership
    • Create a social media campaign that can run throughout the year with a target audience of consumers and lenders

    Fannie Mae HomeView

    Freddie Mac Credit Smart

    FDIC Money Smart

    Consumer Financial Protection Bureau


    Member Information

    Presentations

    Resources





    Contact Us:

    @ Indiana Mortgage Bankers Association

    8425 Woodfield Crossing Blvd, Ste 155e

    Indianapolis, IN  46240

    Office: (317) 333.7146

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